Graeme Russell

Media Super, an industry super fund for print, media, entertainment and arts professionals, today announced that it has joined SuperFriend, the Industry Funds Forum Mental Health Foundation.

SuperFriend is a national initiative aimed at improving the mental health and wellbeing of industry superannuation fund members, employers and staff. SuperFriend’s mission is to reduce the incidence of suicide and the impact of mental illness on individuals, employers, workplaces, friends and families.

The Foundation’s role is to collaborate and partner with a range of organisations, including recognised mental health service providers, to facilitate the delivery of mental health information, initiatives, programs and referral pathways to assist industry fund members, employers and staff.

Media Super has more than 110,000 members and 14,000 employers and is dedicated to employees in Australia’s print, media, creative and digital sectors. It is the 18th industry superannuation fund to join the industry’s not-for-profit mental health initiative.

“SuperFriend is an important industry initiative that helps raise awareness of the impact that mental health issues and suicide has in the community,” said Media Super CEO Graeme Russell.

“We welcome Media Super as SuperFriend’s newest partner fund and look forward to working closely with their members and employer partners, to promote better mental health and wellbeing,” said SuperFriend chief executive, Margo Lydon.

“We are dedicated to delivering workplace mental health and wellbeing initiatives that make a real difference in people’s lives. It is through the collective and ongoing support by our partners, that demonstrates considerable commitment to improving mental health and wellbeing for the many members and employers that they represent.”

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Aurora recently merged with Fortitude Capital and Sandringham Capital to create an institutional grade operation with over $500m of investable assets and 14 staff. The investment team is headed up by John Corr, the ex-head of proprietary trading for Citi.
 
The Aurora Fortitude Absolute Return strategy focuses on extracting alpha from the Australian equity market through a range of processes, including merger arbitrage, convergence trades, and option strategies. The Fund aims to exploit market inefficiencies, while having little net exposure to the equity market and having a long volatility skew.
 
Dr Jon Glass, the CIO at Media Super, said “We believe the alpha generation is sustainable over time and is the right investment for these periods of heightened volatility. The fund manager has demonstrated their ability to produce steady returns in volatile markets over a long time”.
 
John Corr said the strategy had attracted interest from a number of other institutions, and the Fund was available as a retail offer on a number of platforms. “We believe our strategy offers investors an opportunity to take advantage of what could be a prolonged period of high volatility.”
 
The Aurora Fortitude Absolute Return Fund has a 6 year track record and has produced an annualised return of 9.32% after fees to 31 July 2011, with every calendar year producing a positive return.

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